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€5.3 billion in income tax and VAT deemed ‘uncollectable’

.. the massive figure of arrears owing to the State grows exponentially when it comes to VAT, with over €4.5 billion left unpaid and at least 92% (€4.1bn) now considered to be not collectable by the VAT department.

The figure includes penalties and relative interest generated when a taxpayer fails to submit a VAT return by the due date.

Source: maltatoday.com.mt

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